Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net Income (Loss) $ (166,153) $ 2,720,008
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Common shares issued for services 37,500
Depreciation and amortization 185,758 154,010
Changes in operating assets and liabilities    
Accounts receivable 2,425,017 (3,698,436)
Inventories (436,735) (1,485,279)
Prepaid expenses (153,257) (41,278)
Deposits (10,500) 22,148
Refundable income taxes (1,257,585)
Deferred tax assets (52,641) (63,887)
Deferred financing costs (300,348)
Accounts payable (388,244) 816,144
Income taxes payable (1,227,308) 1,316,838
Customer deposits (1,843) 64,379
Accrued expenses and other current liabilities (111,988) 396,417
Net cash used in operating activities (1,195,479) (61,784)
Cash flows from investing activities:    
Acquisition of property and equipment (182,397) (157,637)
Payable for acquired technology (131,215)
Net cash used in investing activities (182,397) (288,852)
Cash flows from financing activities:    
Advances (repayment) of credit line; net 524,551
Repayment of notes (85,254) (306,473)
Net cash (used in) provided by financing activities (85,254) 218,078
Decrease in cash and cash equivalents (1,463,130) (132,558)
Cash and cash equivalents, beginning of period 16,242,158 263,418
Cash and cash equivalents, end of period 14,779,028 130,860
Supplemental Cash Flow Information:    
Taxes Paid 2,424,417 124,846
Interest Paid 10,193 96,426
Supplemental non-cash investing and financing activities:    
Assets acquired under notes payable $ 237,463